Hand write the computations you used to solve. Show the steps you use when using a calculator. When done, create a pdf and submit via Blackboard by the due date. Problem 1. Leases You are evaluating alternate 3 years leases. Lease A is for $20 per year with 6 months free rent. Lease B starts at 18 and increases $1 each year. (Use a 5% discount rate to analyze.) What is the present value of Lease A ? What is the Effective Rent for Lease A ? What is the present value for Lease B ? What is the Effective rent for lease B